Ryanair's Surprise Bid for Aer Lingus

If CEO Michael O'Leary succeeds, it will be the first time a budget carrier has taken over a transatlantic long-haul airline

Ryanair's colorful CEO Michael O'Leary is known for his ability to shock. He's poked fun at the Pope, lampooned Brussels bureaucrats, and driven a tank to a London airport. And on Oct. 5, the head of Europe's largest discount carrier proved he hasn't lost his knack for surprises. He launched an unexpected $1.9 billion bid for domestic rival Aer Lingus, just three days after Aer Lingus was privatized.

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